Papers are nominated annually by members from across the IFoA. Initially established in 1891, this prize was originally awarded for the best essay and later became the Prize for Best Paper. It was re-named the Peter Clark Prize for Best Paper in 2007 in memory of the former President of the Institute of Actuaries, who passed away suddenly whilst serving as the Immediate Past President.
Year |
Peter Clark Prize winners |
Author(s) |
| 2022 | Asset–liability modelling in the quantum era | Tim Berry and James Sharpe |
| 2021 | Modelling seasonal mortality with individual data | Stephen J. Richards, Stefan J. Ramonat, Gregory T. Vesper and Tortsen Kleinow |
| 2020 | Reverse Sensitivity Testing: what does it take to break the model? | Silvana M. Pesenti, Pietro Millossovich and Andreas Tsanakas |
| 2019 | No winner | n/a |
| 2018 | High Age Mortality Working Party: Working Paper 100: A Second Report on High Age Mortality | Steve Bale (chair), Carl Campbell, Mark Cooper, Andrew Gaches, Adrian Gallop, Andy Harding, Richard Lamb and Anny Sun |
| 2017 | Ersatz model tests | Stuart Jarvis, James Sharpe and Andrew D Smith |
| 2016 | No winner | n/a |
| 2015 | Model risk: daring to open up the black box | Nirav Morjaria (Chair) and members of the Model Risk Working Party |
| 2014 | Difficult risks and capital models | Ralph Frankland (Chair) and members of the Extreme Events Working Party |
| 2013 | Market-consistent valuation of a defined benefit pension fund's employer covenant and its use in risk-based capital assessment | Craig Turnbull |
| 2012 | A review of the use of complex systems applied to risk appetite and emerging risks in ERM practice | N Cantle, N Allen, P Godfrey, Y Yin |
| 2011 | Developing a framework for the use of discount rates in actuarial work | C A Cowling, R Frankland, R T G Hails, M H D Kemp, R L Loseby, J B Orr and A D Smith |
| 2010 | Measurement and modelling of dependencies in economic capital | R A Shaw, A D Smith and G S Spivak |
| 2009 | Disease management programmes for major depression: making the financial case | J Buckle |
| 2009 | Modelling extreme market events | R Frankland, A D Smith, T Wilkins, E Varnell, A Holtham, E Biffis, S Eshun and D Dullaway |
| 2008 | Risk assessment techniques for split capital investment trusts | Andrew Adams and James Clunie |
Year |
Recent Best Paper commended papers |
Author(s) |
| 2021 | Insurance ratemaking using the Exponential-Lognormal regression model |
George Tzougas, Woo Hee Yik and Muhammad Waqar Mustaqeem |
| 2019 | AI in actuarial sciences | Ronald Richman |
| 2017 | Mortality rates and improvement over time at advanced ages in South Africa - insights from the national-level data. (Presented at Actuarial Society of South Africa Convention, November 2016) | Ronald Richman and Rob Dorrington |
| 2012 | Transforming consumer information | A Ritchie, J Corrigan, S Graham, A Hague, A Higham, J Holt, P Mowbray and H Robinson |
| 2011 | ERM for health insurance from an actuarial perspective | G C Orros and J Smith |
| 2011 | Insurance accounting: a new era? | K Foroughi, C R Barnard, R W Bennett, D K Clay, E L Conway, S R Coldfield, A J Coughlan, J S Harrison, G J Hibbert, I V Kendrix, M Lanari-Boisclair, C D O'Brien and J S K Straker |
| 2010 | Developments in the management of annuity business | P G Telford, B A Browne, E J Collinge, P Fulcher, B E Johnston, W Little, J L C Lu, J M Nurse, D W Smith and F Zhang |
| 2010 | Does your hedge fund do what it says on the tin? Hedging strategies for insurers; effectiveness in recent conditions and regulatory treatment | S Eason, W Diffey, R Evans, P Fulcher and T Wilkins |
| 2009 | Actuarial aspects of internal models for Solvency II | K A Morgan, D Brooks, R J Care, M B Chaplin, A M Kaufman, D N Roberts, J M E Skinner, D J K Huntington-Thresher, P J Tuley an D L Wong |
| 2008 | Credit derivatives | Martin Muir, Andrew Chase, Paul Coleman, Paul Cooper, Gary Finkelstein, Paul Fulcher, Chris Harvey, Richard Pereira, Albert Shamash and Tim Wilkins. |
| 2008 | Modelling and managing risk | Paul Sweeting |